Deutsche Bank's profit warning; Burlington upgraded; Scholastic cancels buyback plans
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Deutsche Bank
Deutsche Bank (DB) dropped after warning more losses are to come. Germany's largest bank said it expects to report its first full-year loss since 2008 of 6.7 billion euros ($7.3 billion) for 2015, versus a 2014 net profit of 1.69 billion euros. The bank blamed unfavorable market conditions and additional legal costs. Deutsche Bank will report earnings at the end of the month.
Scholastic
Scholastic (SCHL) tanked for cancelling its stock buyback plans. Shares of the publishing house were sharply lower after it said it will no longer buy $200 million of its own stock. Scholastic cited the recent downturn in global markets for terminating its repurchasing plans.
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Burlington Stores
Investors warmed up to Burlington Stores (BURL). The stock rose after an upgrade from Goldman Sachs to a "buy" from "neutral." The price target was also bumped up by $3 to $59 a share, that's about an 18 percent upside potential from the last closing price. Goldman thinks the discount retailer can put the warm winter behind them and continue to grow margins in the coming quarters.